Deciphering Your Financial Award Letter

If you’re a senior in high school who is considering attending a college or university once you graduate, there is a good chance that you’ve already started looking at various grants and scholarships. As many people could tell you, the college experience can definitely be costly; between tuition, room and board, food and personal expenses, the price can really begin to add up. That high cost is exactly why it’s a good idea to sit down as early as possible with your scholarship and grant material and thoroughly go over all the factors to find the best possible price.

Today’s infographic from Citizens Bank gives prospective college students a good overview for what to look for when determining cost factors for attending school. Remember that after all of the grant, scholarship and family contributions, there will still likely be more left to be paid, so it’s possible a federal or personal loan may be a good outlet for you. It’s also a good idea to try to find any scholarships or grants in your local community that could help you on your way.

For more helpful hints on scholarships and paying college tuition, have a look at the infographic below. [private student loans]